Weaver Company Had a Net Deferred Tax Liability of $34,000

question 2

Multiple Choice

Weaver Company had a net deferred tax liability of $34,000 at the beginning of the year,representing a net taxable temporary difference of $100,000.During the year,Weaver reported pretax book income of $400,000.Included in the computation were favorable temporary differences of $50,000 and unfavorable temporary differences of $20,000.During the year,the company's tax rate decreased from 34% to 30%.Weaver's deferred income tax expense or benefit for the current year would be:

• A) Net deferred tax benefit of $9,000.
• B) Net deferred tax expense of $9,000.
• C) Net deferred tax benefit of $5,000.
• D) Net deferred tax expense of $5,000.

---

Definitions:

Mock Interviews

Practice interviews conducted to prepare job seekers for actual employment interviews by simulating the interview process.

Interview Questions

Pertains to the set of questions devised for an interview, aimed at assessing the qualifications, experience, and suitability of a candidate for a position or a study.

Job Interview

A formal meeting between a job applicant and a prospective employer to assess the applicant's qualifications and suitability for a position.

Microblog

Microblogging is a form of blogging that allows users to send brief text updates or media such as photos or video clips.